RWWM Inc. Reduces Holdings in Daily Journal Co. (NASDAQ:DJCO)

RWWM Inc. lowered its position in Daily Journal Co. (NASDAQ:DJCO - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 316,714 shares of the company's stock after selling 1,507 shares during the period. Daily Journal accounts for about 16.4% of RWWM Inc.'s holdings, making the stock its 2nd biggest position. RWWM Inc. owned approximately 22.95% of Daily Journal worth $179,890,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DJCO. Principal Financial Group Inc. bought a new position in Daily Journal in the third quarter worth approximately $309,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Daily Journal by 133.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,622 shares of the company's stock valued at $4,226,000 after purchasing an additional 4,924 shares in the last quarter. FMR LLC lifted its holdings in shares of Daily Journal by 23.9% in the third quarter. FMR LLC now owns 202 shares of the company's stock valued at $99,000 after purchasing an additional 39 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Daily Journal by 172.9% in the third quarter. BNP Paribas Financial Markets now owns 1,337 shares of the company's stock valued at $655,000 after purchasing an additional 847 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Daily Journal by 18.3% in the third quarter. State Street Corp now owns 32,968 shares of the company's stock valued at $16,158,000 after purchasing an additional 5,092 shares in the last quarter. Institutional investors own 51.23% of the company's stock.

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Daily Journal Stock Down 0.7 %

Shares of DJCO stock traded down $2.90 during trading hours on Friday, reaching $396.80. The company had a trading volume of 16,544 shares, compared to its average volume of 15,648. Daily Journal Co. has a 12 month low of $333.29 and a 12 month high of $602.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 12.31 and a quick ratio of 10.26. The business has a fifty day simple moving average of $422.10 and a 200-day simple moving average of $490.82. The company has a market cap of $546.39 million, a price-to-earnings ratio of 7.15 and a beta of 0.90.

Daily Journal (NASDAQ:DJCO - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $7.91 earnings per share for the quarter. Daily Journal had a return on equity of 20.64% and a net margin of 106.63%. The company had revenue of $17.70 million for the quarter.

Daily Journal Company Profile

Daily Journal Corporation operates in publishing of newspapers and websites covering in California, Arizona, Utah, and Australia. It operates in two segments, Traditional Business and Journal Technologies. The company publishes 10 newspapers of general circulation, including Los Angeles Daily Journal, San Francisco Daily Journal, Daily Commerce, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, Business Journal, The Daily Transcript, and The Record Reporter.